Thursday, October 4, 2012

Trimmed my postion in CLGX today to lock-in a very nice gain. CLGX has been on a tear: up 111% YTD and over 160% the last year. Here is the 1 year chart:

CLGX is a growth stock and does not pay a dividend. The valuation has gotten frothy with a PE of 48 and forward PE of 23.5.

I sold 300 shares at $27.65.

Took the proceeds and bought 300 shares of INTC at $22.45 to lock in a 4.01% yield. My portfolio is very light tech so this purchase adds some tech exposure. I have had my eye on INTC for some time and have been waiting for a 4% yield entry.

About Me

I am a 30- something sales rep with the goal of acquiring income producing assets so I can exit the rat race. This blog will chronicle my investing and passive income progress.
My other hobbies are rugby and strength athletics- highland games, strongman, power lifting, and olympic lifting.